When is Enough, Enough? Whether the development was a success or failure, when can final distributions be made and the entity dissolved? (FL)
When can you make final distributions and dissolve your developing entity? Before you distribute and dissolve, keep in mind that your creditors and liabilities have to be accounted for. And, yes, warranty claims, as specious as they can be, need to be included as a potential liability. For some of the potential ways a creditor can claw back distributions, see Section 726.110, F.S. on fraudulent transfers (Florida).